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Meir Orbach / CTech: Tel Aviv-based Cyolo, maker of zero trust security tech enabling secure connection to workplaces, has raised a $60M Series B, bringing its total raised to $85M — The Israeli startup helps organizations in the IT and OT spaces to enable all users, including employees, third parties … Meir Orbach / CTech: Tel Aviv-based Cyolo, maker of zero trust security tech enabling secure connection to workplaces, has raised a $60M Series B, bringing its total raised to $85M …

The nascent electric UTV industry is set to get another interesting offering later this week when Volcon (Nasdaq: VLCN) unveils its long-awaited Stag UTV. According to the company, “Volcon, the first all-electric, off-road powersports company, will officially launch and open the door to consumer reservations via its website for its flagship, fully electric UTV, called the Stag, on Friday, July 1, 2022, at 1 PM EST (10 AM PST).” The Stag has been nearly two years in the making after being announced at the company’s…

GlobalWafers, one of the world's largest suppliers of silicon wafer substrates for chip production, disclosed (opens in new tab) plans to build a silicon wafer factory in Texas. The announcement precedes the launches of multiple new semiconductor manufacturing facilities by Intel, Samsung Foundry, and TSMC in the U.S. The new factory will cost $5 billion.The new factory in Sherman, Texas, will be built in multiple phases, with production volumes reaching 1.2 million 300-mm wafers per month. The new wafer manufacturing…

The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021.Costfoto | Barcroft Media | Getty ImagesChinese electric vehicle maker Li Auto said Tuesday that it plans to raise $2 billion from U.S. investors through an "at-the-market" stock offering, in which share prices are determined at the time they're sold.The funds will be spent to develop new technologies, including for autonomous driving, and for the development of future models, the Beijing-based…

Hero Lectro, the electric cycles brand of Hero Cycles Ltd, said that the prices of its five products will be reduced by up to Rs 15,000 in Delhi, following the inclusion of e-cycles to be eligible for subsidy and tax exemption under the EV policy. As a direct benefit of the inclusion of e-cycles in the Delhi EV policy, eligible Hero Lectro variants (C6, C8i, F6i and C5) will see an effective price reduction of Rs 7,500 across models, the company said in a statement. These will now be available at an on-road price range…

The startup, valued at $2.2B, has sights set on an IPO — but certainly not a SPAC Rimac Group made headlines in June after it raised €500 million ($537 million) in a Series D round led by Goldman Sachs and SoftBank Vision Fund 2. The deal valued the Croatian startup at $2.2 billion, prompting the question: How has this company succeeded where so many other EV makers have struggled? Rimac, which merged its hypercar division with French supercar maker Bugatti in November, has taken a…

Sankalp Phartiyal / Bloomberg: A profile of Chinese smartphone maker Realme; Counterpoint says it had a 16% marketshare in India, up from 11% in Q1 2021, behind Xiaomi's 23% and Samsung's 23% — Last year, when a global chip shortage forced many smartphone makers to delay launches, upstart Chinese brand Realme took a gambit in India. Sankalp Phartiyal / Bloomberg: A profile of Chinese smartphone maker Realme; Counterpoint says it had a 16% marketshare in India, up from 11% in Q1 2021, behind…

Revlon Inc. filed for bankruptcy, potentially ending a decadeslong bet on the beauty products company by Ronald Perelman, its billionaire controlling shareholder. Mr. Perelman bought Revlon in 1985 and built a reputation for always riding to its rescue when its future looked bleak, often through rescue loans or cash infusions. Now he faces losing control of the cosmetics business as it confronts a heavy debt load, inflation and supply-chain pressures and competitive threats. Revlon…

Nio's ES7 sports utility vehicle adds another competitor to Tesla's Model X and Model Y in China.NioNio on Wednesday launched the ES7 sports utility vehicle as competition with Tesla intensifies in China.The ES7 adds another competitor to Tesla's Model Y and Model X in China as the competition in the electric SUV space ramps up.Nio is trying to differentiate its electric SUV by highlighting the technology features of the vehicle. This includes Nio Autonomous Driving, the company's system that powers some semi-autonomous…

The best Raspberry Pi projects (opens in new tab) are the ones that address a need we didn’t know we had, and that’s certainly the case with this incredibly clever PlayStation memory card hack from Daniele Giuliani (opens in new tab), which uses a Raspberry Pi Pico (opens in new tab) board to fully emulate the console's memory card, adding a USB interface so game saves can be copied on and off.Say the words ‘memory card’ today and you probably think of half a terabyte of micro SD card, enough to lose your entire music…